You think risk management is not important? Think again and join the conversation ! The 2016 proxy statement from IBM includes a full page discussion on corporate governance. Roughly a third of that page is devoted to the topic of risk management. To quote a few key lines: “At IBM, we believe that innovation and leadership are impossible without taking risks. We also recognize that imprudent acceptance of risk or the failure to appropriate identify and mitigate risks could be destructive to stockholder value.” This is music to my ears! At the Manhattanville School of Business, we live by this “tag line”: Managing risk for organizational growth and sustainability. You can’t afford not to. IBM’s statement raises three important points that are near and dear for me. First, there is no success without risk. I could go even further to say that there’s really nothing—and I really mean nothing—with...